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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Think4Yourself who wrote (109243)3/12/2008 9:03:08 AM
From: Smiling BobRead Replies (1) of 306849
 
The fed is not accepting MBS collateral at face value. I read yesterday that it is either .8 or .85. Didn't pay close attention to which it was because there was too much other info to digest.
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80% of what? If nobody else wants to touch it or knows how to value them, why or how should the Fed? Jeopardize the US economic system to save the banks?
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